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Published online by Cambridge University Press: 19 June 2023
The classical game theory ofvon Neumann and Morgenstern (1947) is built on the concept of equilibrium. I will begin this essay with two more or Jess controversial philosophical claims regarding that equilibrium concept:
(1) The explanatory significance of the equilibrium concept depends on the underlying dynamics.
(2) When the underlying dynamics is taken seriously, it becomes apparent that equilibrium is not the central explanatory concept.
The existence of this strange attractor together with a preliminary study of the route to chaos involved was first reported in Skynns (1992a). This paper contains further experimental results. I would like to thank the University of California at lrvine for support in the form of computing time and Linda Palmer for implementing and running programs to determine the Liapunov spectrum. I would also like to thank Immanuel Bomze, Vincent Crawford, William Harper and Richard Jeffrey for comments on an earlier version of this paper.